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Crypto Libra attached to the withdrawal of companies from the project

2019-10-16 03:16 pm | Resource: News Section | No Views : 56

Crypto Libra attached to the withdrawal of companies from the project The president of Calibra, on Facebook, claimed that the withdrawal of the seven companies from the recent Crypto Libra project, had no impact on the project.
In an interview with Yahoo Finance, on Wednesday, October 15, Calibra's David Marcus argued that Facebook's digital currency project is not in concern after the withdrawal of the following companies: PayPal, Visa, Mastercard, Stripe, eBay, Mercado Pago, and Booking, who They resigned from the Libra Association.
Marcus confirmed that companies outside the official association will still be able to provide services on the platform:
"One thing that is not well understood is that you don't need to be a member of the Crypto Libra association, to build services and products. So if Visa and Mastercard want to issue digital currency Libra wallet cards at a later stage, they can do so without being members of the association."
The CEO of Calibra also expressed his respect for the decision of the seven companies to leave the project and thanked the companies for having the courage "to consider the possibility of disturbing themselves."
Marcus said he understood companies had a responsibility to their shareholders, which "was under great pressure".
According to Marcus, the departure of the seven companies has nothing to do with regulatory matters as the Libra project “meets all the regulatory and control requirements necessary to operate this”.
However, the executive acknowledged that the process around Libra will remain difficult and difficult before it becomes easier, while members of the association must have the passion, energy and ability to move forward.
The news comes after Libra was officially established in Geneva, Switzerland, on October 14, with the first 21 remaining members, including Uber, Lyft, Coinbase, Spotify and Vodafone.
Libra reportedly hopes to attract 100 members before launching it in the first half of 2020.
Meanwhile, US Rep. Warren Davidson recently said that adding Facebook, Bitcoin (BTC) to Calibra would be a "better idea" than creating a new currency.
Crypto Libra has recently suffered from harsh criticism from many countries, notably the United States, France and China, but of course Marcos' recent comments will be a greater motivation for investors and the company to establish the currency.

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